ERP Statistics Infographic

Numbers don’t lie, but they might not tell the full story. When enterprises researchERPstatistics, trying to determine if the software is right for their business, they might get discouraged after seeing that the majority surpass budgets and timelines. Or, they might be eager to get started after seeing the major improvements delivered by a new solution. More likely than not, they’ll at some point get confused, trying to figure out how to reconcile the business improvements with thepotentialpitfalls. It seems that the numbers are telling two different stories, but which one should we believe?

Actually, ourconsultants would argue that the numbers tell the same story, and one that we share a lot on our blog: ERP softwareoptimizes business performance, butonlywhen the system is implemented and used effectively. Below, we providesomeERP statisticsthat demonstrate both implementation challenges and software benefits. Then, we go behind the numbers, contextualizing the data to give you a fuller understanding of ERP software. Let’s begin.

ERP Project Challenges

Manymanufacturersanddistributorsfear that their ERP projects will exceed their budgets andtimelines, and given the above statistics, it’s no wonder why.Butthese numbers don’t tell uswhyso manyprojects experience delays and budget overruns.

As we explain in our summary of fourERP failurestories, software disasters are often the result of poor planning and communication.Businesses that go into their project with a clear plan, communicationand an understanding of their requirementsare on the path to an on-time, on-budget implementation.Defined business goals and regular meetings go a long way in gettingyourproject team on the samepage and protecting yourbusiness from scope creep.

What surprises most enterprises is that the biggest obstacle of allisn’t anything technical—it’sorganizational change management.Too many businesses avoid putting together a change management plan, believing users willquickly adapt to a new system. Turns out, this is far from the truth.Users needproper training to utilize the software appropriately. Plus, they need to understandthe reasons for thechange, or they won’t have the motivation to learn how to use theERP.Again, communication plays a key role. Keeping users informed throughout the project will encourage widespread adoption and prevent errors.

Those scary numbers aren’t so scary when you realize thatit’s often communication and planning that hinders ERP success. Buildingboth of thesethings into your projectwill help you reach your go-live date without breaking the bank.You don’t need to be a software expert to make this happen.

ERPSoftwareBenefits

Let’s say your implementation still manages to extend your deadline or budget.There’s a good chance you can make up for thisset back through gaining amazing benefits from yourERP software.As our statistics demonstrate, 95% of businessesachieve major improvementsafter their implementation through reducing process times, increasing collaboration and centralizing enterprise data.ERP consists of interconnectedmodules, allowing you to manage data across multiple departments within a single system. This goes a long way towards promotingefficiency, transparency and accuracy.

ERP software has the power to save you time and money. Process automation streamlines operations, so you don’t have to waste time on tedioustasks ormanual data entry. This also enhances data accuracy, protecting your enterprise from critical errors.In addition, ERP gives users a full view ofbusiness processes. Epicor, for example, includes user-friendly dashboards that allow every employee to track and drill down into real-time data.With deep insights, you can discover new ways to optimize business performance.Furthermore,lean manufacturingtoolshelp businesses cut wasteand develop more cost-effective practices.

At this point, ERP softwareis essential for business success, especially for manufacturers, who are the top buyers and users ofERP.Supply chains are becoming more complex, and customer expectations are higher than ever.Managing processes from order to fulfillmentrequiresthe data integrity, comprehensive featuresand cutting-edge technology that only comes with ERP software.

Wrap Up

In our infographic, we left out the most impressive statistic of all: According toForrester’s Total Economic Impact (TEI) report, Epicorgenerates264% ROIformanufacturers.Epicor quickly pays for itself bystreamlining processes and delivering deep insights.If you follow best practices throughoutyour ERP project, you can expect amazing benefits that boost your profits.

AtDatix, our premier consultantswill ensure you get the most from your Epicor instance. We’re a certified Epicor partner that hasspecialized in manufacturing and distributionsoftwarefor over 20 years.We go beyond ERP, providingCRM,eCommerceandintegrationsolutions tohelp youimprove processes from the top floor to the shop floor.From start to finish, our software expertswork with you tooptimize your business performance.

For ERP success you can count on, team up withDatix. Learn more about our ERP services and solutions by contacting us today!

With multiple certifications in Epicor ERP, Salesforce and Microsoft Dynamics 365 CRM, Jessica has the expertise to manage various enterprise software projects and address each client’s unique pain points. As COO, she provides Datix with the vision and leadership necessary to deliver optimal solutions to manufacturers and distributors.